|Company Name||RBB Bancorp|
On February 18, 2022, RBB Bancorp announced the departure of its Executive Vice President and Chief Lending Officer of its wholly owned subsidiary Royal Business Bank.
Then, on February 22, 2022, the Company announced that its President and CEO would be taking a leave of absence, effective immediately, pending an internal investigation.
On this news, RBB Bancorp’s stock fell $2.70, or 10.5%, to close at $23.06 on February 22, 2022, thereby injuring investors.
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